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Real Estate Terms - D

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Divided Interest

Different interest in the same property, as in interests of the owner, lessee, or mortgage.

Listing Last Modified: Sat Dec 22 2007

 


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Documentary Tax Stamps

Stamps affixed to a deed denoting the amount of transfer tax paid.

Listing Last Modified: Sat Dec 22 2007

 


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Domicile

The place where a person has a permanent home.

Listing Last Modified: Sat Dec 22 2007

 


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Double-declining Balance Depreciation

An accelerated method of depreciating an asset in which double the amount of straight-line depreciation is deducted from the remaining value of the asset each year.

Listing Last Modified: Sat Dec 22 2007

 


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Dower

The portion of her husband's estate that a wife inherits on his death in the absence of a will.

Listing Last Modified: Sat Dec 22 2007

 


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Down Payment

Cash or other consideration paid toward a purchase by the buyer, as opposed to the amount that is financed.

Listing Last Modified: Sat Dec 22 2007

 


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Due-on-sale Clause

A condition written into a financial instrument which gives the lender the right to require immediate repayment of the unpaid balance if the property is sold without consent of the lender.

Listing Last Modified: Sat Dec 22 2007

 


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